B. Riley Comments on Taylor Morrison Home Corporation’s Q1 2018 Earnings (TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) – Research analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of Taylor Morrison Home in a research report issued to clients and investors on Thursday. B. Riley analyst A. Rygiel expects that the construction company will post earnings per share of $0.39 for the quarter. B. Riley has a “Neutral” rating and a $29.00 price objective on the stock. B. Riley also issued estimates for Taylor Morrison Home’s Q2 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.88 EPS.

A number of other research analysts also recently issued reports on TMHC. ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. BidaskClub downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 2nd. UBS Group raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Finally, Susquehanna Bancshares raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.22.

Taylor Morrison Home (TMHC) opened at $24.10 on Friday. Taylor Morrison Home has a twelve month low of $18.41 and a twelve month high of $28.42. The stock has a market capitalization of $3,000.88, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.85 and a quick ratio of 0.81.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in shares of Taylor Morrison Home by 62.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after buying an additional 2,060 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Taylor Morrison Home by 37.3% in the third quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares in the last quarter. Smith Asset Management Group LP increased its position in shares of Taylor Morrison Home by 18.1% in the third quarter. Smith Asset Management Group LP now owns 20,286 shares of the construction company’s stock valued at $447,000 after buying an additional 3,103 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Taylor Morrison Home by 9.6% in the third quarter. Fox Run Management L.L.C. now owns 37,600 shares of the construction company’s stock valued at $829,000 after buying an additional 3,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Taylor Morrison Home by 34.7% in the second quarter. UBS Asset Management Americas Inc. now owns 16,300 shares of the construction company’s stock valued at $391,000 after buying an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 57.67% of the company’s stock.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.

Taylor Morrison Home announced that its board has approved a share buyback plan on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Earnings History and Estimates for Taylor Morrison Home (NYSE:TMHC)

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